> Korea as Aid Donor
Korea as Aid Donor
With the launch of the Economic Development Cooperation Fund (EDCF) and the Korea International Cooperation Agency (KOICA), Korea began to provide assistance in earnest to developing countries in the 1980s. In 2010, Korea became a member of the Development Assistance Committee (DAC) of the OECD and officially established itself as a donor country. Based on its successful development experience, Korea is making efforts to build a new paradigm for development cooperation by acting as a bridge between developed and developing countries.